If you have not looked at your property value lately, here is the short version - the city's assessment is not even close to what your home is actually worth right now. We are talking a gap that could change how you think about selling, refinancing, or just knowing where you stand.
If you have been watching the "For Sale" signs in Kameyosek, here is what is actually happening. The market for houses is taking a breather. The average sale price sits at $299,250 this month, which is down 23.4% from last month. Only 2 houses sold, and they sat on the market for an average of 21 days - longer than nearby Lee Ridge, where homes are moving in 13 days. Buyers are paying about 97.65% of list price, so they are negotiating small discounts.
That said, do not confuse a slow month with a bad neighbourhood. The predicted market value for a Kameyosek house is $537,460, which is ticking up from the 3-month average of $537,403. Price per square foot is around $292. And on the neighbourhood leaderboard, Kameyosek houses rank 44 out of 285 Edmonton neighbourhoods for growth - that puts us in the top 15%. Days on market ranks 20 out of 116, meaning when buyers do show up, they are serious.
The condo side of Kameyosek is a different story - and honestly, a steadier one. One condo sold at $258,000, which is essentially flat from last month. Buyers paid 97.36% of list price, and the average days on market was 13 days. That is the same pace as Lee Ridge next door. Stable, not exciting, but not falling apart either.
The predicted market value for condos is $257,508, up from the 3-month moving average of $253,164 - so the trend is quietly moving in the right direction. Rental yield comes in at 4.25% with estimated monthly rent of $1,392. On the leaderboard, condo growth ranks 104 out of 297 Edmonton neighbourhoods - above average. Days on market ranks 8 out of 113, which means Kameyosek condos are among the fastest-selling in the city when priced right.
Here is the number that should get your attention. The city assessed the average Kameyosek house at $332,500. The average HonestDoor Price is $531,326. That is a gap of nearly $200,000 - or 59.80% higher than what the city has on file.
Your tax assessment is updated once a year and uses data that is already months old by the time it lands in your mailbox. The HonestDoor Price pulls from real-time sales activity, current market conditions, and actual comparable transactions. It is the real-world check against a number the city set and forgot.
For condos, the assessed value averages $243,206 while the HonestDoor Price sits at $269,098 - up 4.50% from the previous period. The gap is smaller here, but the direction is clear: the HonestDoor Price is moving up while the assessment stays frozen.
If you are making any financial decision - selling, refinancing, or just figuring out your net worth - use the HonestDoor Price as your starting point, not the city's number.
Here is the honest take for anyone considering listing in Kameyosek this summer.
For houses, the market has softened in the short term. A 23.4% drop in average sale price in one month sounds alarming, but with only 2 sales, one or two outlier properties can swing that number hard. The predicted value of $537,460 and a top-15% growth rank tell a more reliable story about where this neighbourhood sits. If you price sharp and present well, you can still get close to ask - buyers are paying 97.65% of list. But do not overprice expecting a bidding war right now.
For condos, the window looks decent. Fast days on market, a rising predicted value, and above-average growth rank all point to a market where a well-priced unit moves quickly. At $258,000 average sale price, you are already beating nearby Tawa ($230,833) and sitting close to Lee Ridge ($279,000).
The bottom line - Kameyosek is not the flashiest neighbourhood on the Edmonton map, but it is punching above its weight on growth rankings and rental returns. If you are sitting on a house here, the gap between your tax assessment and your HonestDoor Price is your story to tell this summer.
This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.